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comments on tax policy, senator chuck schumer talked about taxes. he spoke and answered questions at the national press club for about an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to thank those who are joining us on c-span. on behalf of the national press club we're honored to have with us the senior senator from new york charles schumer. the senator will address the topic of tax reform. i just want to say i think this is an appropriate topic following a columbus day weekend. in club bus' time the prevailing weekend that there were dragons right over the horizon and most people thought the world was flat and anyone setting nauf a journey would go off the cliff. columbus thought he could find a new route. and today we're going to be exploring new tax reform and how to avoid a fiscal cliff. the senator will speak for about 20 to 25 minutes and then we will open up to questions. senator? >> ok. thank you, jamie for that very timely introduction. i want to thank the national press club. here's what i said yesterday at the new yo
the largest profit tax cut in the history of the state at the time. that is a record done with a republican governor, is but the republicans and democrats in the house and senate. it was a bipartisan effort. we got things done for texas. >> can use them much money of race? >> i really do not know. i have been on the road. >> 1 million, maybe. >> oh, no. i really do not know. texted democrat has not won a statewide office since 1994. do you consider this an uphill battle? >> it is always a battle. it should be in need to be. i understand that we have not elected a democrat in a long time. >> let's go on now to ted cruz. you said i'm going to run scared but you may few appearances and this september and agreed to this debate and one other televised debate. you turned down one in a houston last week. curtis that the governor for skipping almost -- you criticized the governor for skipping. >are you calling it say? >> our approach has been consistent for nearly two years. crisscrossing the state of texas. we have been all over the state, in hundreds of ihops and denny's talking qith 100 voters
of ten year time frame we would manage the cut and spending and tax increases and in investments, we need do all three. we need to tax, cut, and invest in the source of our strength. i think that would have a huge effect. i think americans today feel in many ways like children of two divorced parents. i think it's a pal in the country in a lot of ways. it would be huge. if we got a grand bargain on energy how to exploit the boundary of -- i think the two together would have a huge impact. so the question is how close are we to that? and, you know, i have a saying about the middle east which applies to the american politics. all important politics happens the morning after the morning after. >> when is that? >> here i'm talking about the election. here i think the question really is i don't know how the election is going come out. i make no prediction. i ask myself if romney gets smashed, if he gets smashed, it would -- i happen to think the political problem in the country we have a center left party and we have a far right party. that is a structure problem. the republican party has gone
that he's going to close deductions and loopholes for his tax plan. that's how it's going to be paid for but we don't know the details. he says that he's going to replace dot frank, wall street reform, but we don't know exactly which ones. he won't tell us. he now says he's going to replace obama care. at some point i think the american people have to ask themselves, is the reason that governor romney is keeping all these plans to replace secret because they are too good? is it because somehow middle class families are going to benefit too much from them? >> let me bring in nick khristoff. let me read one of your many tweets last night, nick. obama is such a gifted speaker but tonight he seemed passive, distracted and defensive. what happened? >> i mean n a word, he blew it. it is not the same as blowing a campaign. i think part of it was expectations and romney did much better than expectations. but beyond that, he let romney get away with accusing him of being the one who is undecided on big banks, on being the one who would let people lose their health insurance, of being the one
taxes on the middle-class. we have made changes here in the state of nebraska that grows this economy. that is why i am running for the united states senate. they want a change of leadership in washington. we have a senate in washington that hasn't passed a budget, let alone a balanced budget. we can change that. that is why i am running for the united states senate. i want to pass a balanced budget. i'm not your usual politician. obviously i am not one of the good ole boys, and i will make the tough decisions in the united states senate. we'll roll up my sleeves and work hard for you, and i will fight for you. i will fight for all people. thank you. >> thank you. now the opening statement from former nebraska governor and senator bob kerrey. >> i love nebraska. i was born here in lincoln. i went to lincoln northeast high school. i left nebraska, went to war and came home. i recovered from my injuries here in lincoln. i started a business that today employs more than 700 people. i have served you as your governor. we balanced the budget and the economy recovered. i served as a senator
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
was going to cut taxes for wealthy people? >> he's the etch-a-sketch guy. we have to wonder which mitt is going to show up. if you just lay out lie after lie after lie about your own plan, as well as what the president has been talking about, of course you can look good. >> we expect an aggressive debater to show up last night on the debate stage with barack obama. we didn't expect an aggressively dishonest debater to show up. >> sean: perfect strategy, liar, liar, liar, pants on fire, fire, fire. funny, i didn't hear anybody mention anything about the president's record or accomplishments, perhaps because there aren't any. instead he's given us 46 million americans on food stamps. you didn't fix that, mr. president. 17 million more than when you took office. 23 million americans un and underemployed. $6 trillion in new obama debt and have four years to fix the worst economy since the great depression, and it's no longer george w. bush's fault. after looking at the latest polls it appears the truth is beginning to catch up with barack obama. hear with reaction, the author of the "new y
don't know. i never have enough money to do it. the middle class needs relief, tax relief. they needed now. >> the governor, if you like to respond to what he said about senator mccain's remarks. >> we can speak an agreement that, don wright, we need tax relief for americans so that -- darn right, we need tax relief for americans so that we can have jobs in america. barack had 94 opportunities to side on the people's side and reduce taxes and 94 times he voted to increase taxes or not support a tax reduction. 94 times. that is not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more what we're in and produce. government will have to learn to be more efficient and live with less if that is what it takes to rein in the government growth that we have seen today. but we do need tax relief and barack obama even supported increasing taxes as late as last year for those families making only 40 two thousand dollars a year. that is a lot of middle-income average american families to increase taxes on them. i think that is
said he's going to cut taxes for wealthy people? >> we recall he's an etch a sketch guy that trance formed himselfs. and we have to wond yir which mitt is going show up f you layout what the president has been talking about of course, you can look good we've expected an aggressive debateor, we didn't expect a dishonest debateor to show up perfect strategy. liar, liar, pants on fire, fire. and 46 million americans on food stamps, 17 million more than when you took office. and there is $6 trillion in new obama debt. and this is no longer george w. bush's fault. here with reaction is paul mugg bestseller, pat gadel. do you know who just lied? author of the study at princeton. >> right. >> and there is -- points out obama took his interpretation of the plan out of context which is -- . >> he lied about what the conclusion was. >> there is i think americans understand telling the truth cut rates across the board by 20% and eliminate deductions and exemptions. and that is where he can keep the rates the same. and i mean, i think the business is how the west reacted to the one issue that i
and a tax cut. that was done with the republican governor, is split between republicans and democrats in the house and senate. it was a bipartisan effort. we got it done for texas. road. been on the i really do not know. >> mr. sadler, a democrat has not won a statewide office in texas since 1994. do you consider this an uphill battle? >> for an open senate seat, it is always a battle, and should be, and needs to be, regardless of the party. i understand we have not elected a democrat in a long time. >> let's go to mr. cruz. he said the day after you beat lt. governor dewhurst, he said he would run scared for the general election. but you have agreed to this and what other debt -- televised debate. you criticized governor dewhurst for having almost 40 candidate forms up to the primary, but are you planning its eighth and coasting? safe and coasting? >> we have been crisscrossing the state of texas. we have been all over the state, literally hundreds of dop's and vfw halls and enny's talking with voters in every part of the state. that is what we are doing between now and election day.
. >> if those two different questions -- >> i'm going to call him a liar now. no. talking about the tax plans at the rallies. he was saying the same things on wednesday night and the other piece about how -- >> let me stop you there. i want to read to you if i can about a fact check about the tax. not cutting taxes for the wealthy. in the primary, cut taxes for everyone including the top 1%. suspect that a change? >> no, it's not. he's been saying the entire time that while he would be in favor of an across the board tax c of 25% for every taxpayer, those making over a certain amount of money he would close tax loopholes so their overall taxes that they pay and the overall tax plan would be tax neutral. i mean, it would be revenue neutral. the other piece is you mentioned this other story -- >> the story is specifics, hasn't it? >> i'll keep going back to this to seep the record straight. you all talking about this story that mitt romney had been saying and reported in other places that this is a new softer side of mitt romney. he's been telling that story for months. and so, i mean, this is
/11, and today osama bin laden is dead. four years ago, i promise to cut taxes for middle-class families, and we have, by $3,600. of promised to cut taxes for small business owners, and we have 18 times. we got back every dime we used to rescue the banks, and we passed a law, to the end taxpayer-funded wall street bailouts permanently. we passed health care reform, also known as obamacare, because i do care. i do not want insurance companies, jerking you around anymore. i do not suit him -- do not want somebody without health care because they have a pre-existing condition. we repealed "don't ask, don't tell," as i promised him we would. today, he no outstanding soldier, marine, sailor, here man -- airman, none of them will be kicked out of the military because of who they are and who they love. when you think about ohio, and when governor romney said that we should let the auto industry go bankrupt -- we said, we are not going to take your advice. do not boo. vote. we reinvented a diving auto industry that supplies one in eight ohio jobs and has come roaring back to the top of the world. four y
is focused on giving herself a $7 million tax cut and hoping that trickles down to people who need help. my plan is focused on investing in the people of this state and funding our schools and building roads and bridges and we recognize the strength of our nation is the people who desperately want to good work. linda does have a plan under website but as we have recently learned, a good part of that is just listed word for word, paragraph by paragraph from white -- from right-wing republican sites in washington. it is not a plan for connecticut. it essentially parrots a bunch of talking points that have not worked for this country. >> why the lack of access as far as where the two of you are day in, day out. >> i don't think there is any comparison in terms of access. linda has refused to meet with editorial boards and i've been very willing to do so. i cannot count the number of press ability -- press availability as i have done. linda mcmahon does not want this campaign to be about issues. because of that is, she loses. whether its tax policy, support for education or women's health care,
of the campaign is the lie that mitt romney will raise taxes on the middle class. mitt romney has no chance of raising taxes on the middle class. his republican base would kill him. the concept of raising taxes on the middle class will never happen. >> if not, something has to give. then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much as mitt romney wants to there is no way or he would have put forth the pro growth plan. he's ring on magic like harry potter will be his treasury secretary. >> he's not going to be able to cut taxes for rich people. he doesn't want to. the idea of pro growth taxes -- >> didn't he say 20% across the board? >> he did, but he also said if you take up
to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian chiefs today. with luck they were making $200 a month, but they were talented, they brought out the best in all of us. they were by example really fine people, and with the highest qualities. all that got transmitted to the children at class a even if they were not getting it at home. >> when you were running you were talking about increasing not necessarily dollars per capita, but investing in education, communications, and transportation. even while trying to reduce deficits and debt, you w
-end, point, where a number of provisions need to be dealt with. it is a massive combination of taxes and spending. we have the george w. bush era tax cuts that were extended two years ago and now expire at the end of the year. these are tax cuts that lower tax rates,hat impact americans all across the income scale. you have tax breaks on higher income, lower income that would shift if congress fails to act. there are middle-class tax breaks that are part of that. congress does not do anything, almost everyone's taxes would go off. there is a sizeable package of spending cuts to the federal government, 100 billion for the next fiscal year that would hit several departments evenly across the pentagon and domestic agencies. these spending cuts were the product of white listeners would remember as the debt ceiling negotiations -- of what listeners would remember as the debt ceiling debate where leaders could not get the debt load under control and they essentially said all right, since we fail to come up with a plan to a month next year we will automatically trigger these -- to come up w
as the house did or do something similar. what they want to do is raise taxes. >> when george was in the united states senate, he voted to privatize social security. that would have been a huge catastrophe prior to the collapse of wall street. what i would do is over time allow the payroll tax cap to adjust upwards as a first way of protecting the solvency of the program rather than changing the retirement age. >> reporter: this is one of the most closely watched senate races in the country. the stakes are high. the candidates know that what happens here in virginia is tied to what happens at the top of the ticket. that was very obvious tonight. they called it the people's debate ithe battle of the former governors. democrat tim kaine won the coin toss to go first and the first thing out of his mouth was a joking reference to mitt romney and the firestorm that he created when talked about cutting funding to public broadcasting and in the opening remarks kaine promised he wasn't going to fire big bird, but quickly the debate turned serious. as in recent campaign ads, republican george allen too
about his policies on taxes, education and healthcare. today the candidates foreign policy positions went under the knife during a speech at the virginia military institute. romney laid out a complete reversal on his strategy for mideast peace. >> i recommit america to the goal of democratic prosperous palestinian state living side by side in peace and security with the jewish state of israel. >> the new mitt romney is totally committed to a two-state solution in israel but this is not what mitt romney told a group of wealthy donors in private. >> and i look at the palestinians not wanting to see peace anyway, for political purposes -- of iz real and these thorny issues, and i say there's just no way going to remain an unsolved problem we live with that in china and taiwan. all right, we have a potentially volatile situation but we sort of live with it, and we kick the ball down the field and hope that ultimately, somehow, something will happen and resolve it. >> priceless tape, isn't it? direct from romney's mouth. you hope from is some stability. you hope something will happen. lis
there be anything surprising that emerges from there? mike the committee be smaller tax >> we were talking about rumors earlier in the context of -- might thed committee be smaller? >> we were talking rumors earlier. probably the u.s. is on the side, a minor concern that may have affected by a day or two. but fundamentally i think this got decided out of an internal logic in china, and not looking at united states. my own personal guess is that if you look at the pool of people eligible to be the next and the commit -- standing committee, we may have some difficulty deciding which fisher going to get pulled out of the pond. it is revealing to look at the fish in the pond, the totality of what they are choosing among and what we're looking at is a more diverse group of people in terms of education, business, law, even humanity, to some extent. we are looking at a broader generations. we are looking at people, we were talking about xi. he has some enormous experience, my those leaders from all over the world visiting his city. i think we are looking at people experienced in the world. when we look
>> eric: that's it for us. >> jamie: shannon? >> my plan is not to raise taxes on anyone. i'm going to reduce taxes for middle-income americans. >> mr. romney wants another $5 trillion in tax cuts that he can't pay for. >> you can't have it both ways. a battle over $5 trillion, your tax dollars, president obama says a tax cut by the governor would roll out benefits to only the wealthiest americans at the cost of the middle class. romney says, no matter how many times the president says it it is not true. who is telling the truth? i'm shannon bream, live in washington. we have representatives from both sides of the aisle. rnc chairman, reince priebus and dnc chairwoman, debbie wasserman-schultz. welcome. we start in washington with reince priebus. i want to talk about the unemployment numbers for september, 7.8%, the lowest since president obama has been in office. he said, you can't turn back now, america is moving in the right direction. has he made a case that we are seeing recovery? >> not at all. first of all, we will let the economists argue over the numbers. i know people are
is a combination of tax hikes and spending cuts due to hit at the end of the year after the election. the president coming off with what was widely seen as a lackluster debate performance, was in wisconsin yesterday with new found vigor. >> i want to export more products and outsource fewer jobs. >> reporter: that is a message he'll no doubt repeat at a campaign stop in virginia today. job growth is in positive territory, but not by much. and through so many months, it's been outpaced by population growth. mitt romney will be poised to strike, arguing that the unemployment rate understates the problem. >> if the same share of the workforce were engaged in looking for a job now as when the president took office, the unemployment rate wouldn't be at 8.1%, it will be 11.2%. >> reporter: both campaigns will be looking beyond today's numbers. october numbers come out on november 2nd, four days before the election. in washington, doug luzader, fox news. >>> another big story developing today. health officials warn thousands more people could be at risk of getting a deadly form of meningitis. it's already
has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> now larry, mitt romney is speaking this evening in virginia. we'll see both candidates in virginia and ohio over the next 24 hours. that will give viewers on television a chance to decide whether that was the real mitt romney last night or it was the real barack obama at the debate, larry. >> all right. many thanks, we appreciate it. >>> so mitt romney outhustled, outfacted, outenergized and outinformed president obama. msnbc's chris matthews, an old pal of mine, completely went off the rails. take a listen to this. >> where was obama tonight? romney, i love the split screen. staring at obama. addressing him like the prey. he did it just right. i'm coming at an incumbent. i got to beat him. you got to beat the champ and i'm going to beat him tonight. what was romney doing? he was winning. >> he sure was, chris. he was winning big time. so now that romney is on a roll, where does he run after last n
was going to cut taxes for wealthy people? >> he is the etch-a-sketch guy who has transformed himself and quite frankly, we always have to wonder which mitt romney is going to show up. if you just lay out lie after lie after lie about your own plan, as well as what the president has been talking about, of course you can look good. megyn: joining me now is chris stirewalt, host of "power play." i wanted to get back to january of 2009 when president obama in a common about immigration. joe wilson, shouted out, you lie on the floor of the house. watch this. >> there there are those that claim that our reform efforts would ensure illegal immigrants. this, too, is very false. the reform -- the reforms i am proposing would not apply to those who are here legally. megyn: the president and his supporters back then were outraged that joe wilson chose to resort to name-calling and calling him a liar. because they disagreed with what he was saying about his policies. the leader came out and said we have to get to the point where we can have a conversation about big and important issues that matt
and feeding off taxpayer money and not doing their job. .. and to close at, what is taking a 15% tax increase or we would have to reduce our personnel by 10%. that is 40 out of 400 employees would have to let go. so for the last 10 months, this is in my largest haul. i've the market every day in the budget turned to come up with creative ways to increase revenue, creative ways to reduce costs. we have a laundry list of initiatives. and yesterday, i propose my budget proposal for the next year that will close the $3 million deficit with only three layoffs in the 2.7% tax increase. a full percentage point below the average of the last four years. back on about 12 likes on facebook. i got some presidential, 500 likes on facebook. this'll be a real head, sherry. >> sometimes a refresh. there must not be reading it. >> but it is as a tool, the important conversations, those have to have when you have so much attention. they can give you their attention. you can give them yours. there is no push but my to replicate that. but as a forum, to share the implications and sometimes to allow a dialect to
on tax policy, energy, medicare reform, your hometown newspaper has taken to calling you senator gone. you've got one of the worst attendance records in the united states senate. now, in my capacity as vice president, i am the president of the senate, the presiding officer. i'm up in the senate most tuesdays when they're in session. the first time i ever met you was when you walked on the stage tonight. with respect to israel and palestine, gwen, the suicide bombers in part were generated by saddam hussein, who paid $25,000 to the families of suicide bombers. i personally think one of the reasons that we don't have as many suicide attacks today in israel as we had in the past is because saddam's no longer in business. we've been strong supporters of israel. if president stepped forward and put in place a policy basically that said we will support the establishment of two states. the first president ever to say establish and support a palestinian state next door to israelis. but first, there has to be an interlocking agreement you can trust and deal with. we don't have that now. with y
his own tax plan, making them stick to what they've been the last six or seven months. >> this is where i think paul ryan will have pressure on him and where i expect paul ryan to perform very well. i mean, i found obama's debate performance totally lacking in specifics. we still don't know what his tax plan is or his deficit plan or his budget plan. but paul ryan has become the personification for the democrats of all that is callous and cold and evil about the romney campaign. so ryan now has i think an opportunity to not only explain his plan more importantly romney's plan, but to explain it in a way that is compassionate and human. and i expect he'll do a very good job of that. >> there's a tricky thing that ryan has to do. and i think you suggested it there, carly. there's clearly a distinction between the ryan plan. actually, there have been multiple ryan plans on multiple fronts. >> that's right. >> and the romney plan. so ryan can't get lured into a debate over the specifics. >> i agree with you. >> here's the problem, mitt romney embraced that budget plan. >>
in florida, he focused on taxes and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, reuters puts mitt romney within two points of the president. tomorrow we'll see both candidates in ohio. there's good reason for that. tomorrow is the last day voters there can r
-span2. after that at noon eastern the urban institute on host a discussion on tax increases that are set to take place in january. the end of the bush income tax cuts the payroll tax holiday and hikes on investment income. speakers include douglas holtz-eakin. that will be live here on c-span2 starting again at 12 in eastern. >> a look now at campaign spending and political ads in the presidential election. from the annenberg public policy center at the university of pennsylvania, this is about 45 minutes. >> i am the editorial communications director at the center for responsive politics, and we are here to talk about the challenges posted journals by dark money and their mysterious donors. erika fowler is joining me on the panel. she is from the west the medium project achieves an assistant professor of government at western university. director of the media project which tracks and analyzes all political ads aired on broadcast television in real-time during elections. she specialized in political communication and she'll be talking about some of the ads we are seeing outside groups an
the rich shouldn't have any sort of implications of their taxes changed. senator menendez, you will portrayed be a tax-and-spend liberal. let's move beyond clichÉs right now. tell me specifically, what one thing about your opponent makes him less qualified than you to serve in the u.s. senate. senator kyrillos, you can go first. kyrillos: well, senator menendez mentions the middle-class. he mentioned it tonight, does it fairly often. but up, the middle-class is not doing very well at all. we've got to do better. and so, you know, i read the press releases that you put out and i've heard your opening statement, but i don't hear any action items about how we are going to do it better. and so, i've got a plan. i know that if we do what we've been doing, more of the same, well, we will have the same outcome and that is unacceptable for the people of new jersey and unacceptable for americans. so let's do some things differently. if your way worked, well, we would have 43 straight months of 8% plus unemployment. let's get the job done. >> moderator: senator menendez. menendez: my op
lives they still have great lives. >> they get to buy houses and pay taxes. >> they get to do a lot of things. i am proud of it. i have built a lot of great buildings and had success. i have taken care of a lot of families whether it's education or medical or whatever you want to say. i did work hard and i did build it. >> what does this say about his mentality, though? look at where we are in the ton tr country. >> that came out probably he wished he didn't say it. the truth came out. often times you will see that. >> that was one of the few times he was off prompt ter. oo ee may have been off tell pyrometer. people need to understand that's where he is all about and where he is coming from. >> we are going to spread the wealth around and you didn't build that. here's where you are economically. we have one in 6 americans in poverty. 5 million americans under employed. this staggers my mind. 49 million americans on food stamps right now in this country. the net worth of a person has gone down 40 percent in three years. the average home price gone down 35 percent. >> we owe $17 tril
for $5 trillion in tax cuts and cuts to funding for pbs to help close the deficit. >> so for all you moms and kids, don't worry. somebody is finally cracking down on big bird. cracking down on him. elmo has made a run for the border. border. governor romney plans to let wall street run wild again but he is bringing the hammer down on sesame street. >> president obama will continue campaigning in california today with a star- studded event in san francisco t includes john legend and will i am. >>> one of the staffers at in florida decided to weekend romney's face with a napkin. he laughed it off but and to look uncomfortable. >>> we'll tell you who came out on top in the election with hugo chavez. >> and more cases of fungal meningitis as the outbreak spreads to more states. we'll have an update on that and new information about the pharmacy that distributed the product. [ male announcer ] who will raise taxes on the middle class? according to an independent, non-partisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says
automatic tax increases and mandatory severe budget cuts know as sequestration go into effect and if that happens many economists are predicting that we could head into another recession. for advice on how the president and congress can avoid going over the fiscal cliff and hopefully can all just get along, for that we turn to washington and norm ornstein. norm is a resident scholar and coauthor of "it's even worse than it looks." welcome back inside "the war room," norm. >> it's always great to be with you, jennifer. go tigers. >> i love having you on. it's so great. so without scaring people tell us what happens come january 1st if no budget deal is reached. >> we get a perfect storm. people often think about the sequesters which is cuts in spending that congress basically hatch together to -- in the aftermath of the debt-limit crisis -- >> jennifer: to prevent this very thing from happening. >> yes, but as we approach the vice presidential debate paul ryan viewed it as a great triumph. but the fiscal cliff is more than that, it is the expiration of
pay 50 percent in taxes. >> the rich are paying most of the taxes in the country. statistics come out that are amazing. >> it is like an amazing number. i was surprised to see it. they work hard they employ people. this is a very, very bad time. we are in a weak economy. this would be a bad time to raise taxes for any one whether it's the rich, the poor. now in all fairness less than 50 percent of the people in this country pay taxes anyway which is another amazing statistic. i wouldn't believe that statistic. the rich pay tremendous amounts of taxes. most of the taxes in the country and they really have to be at least -- rich people if they don't love their country they can go to other countries and pay a lot less tax. if you were in new york and the taxes were high you could move to florida or move here. with globalization and everything -- >> why don't you move to florida. we have golf courses in miami. >> i have a lot of great properties in florida. i just -- >> the minute you walk you hed florida. >> i love new york. i stick with new york. it's a great place. it's where i want to
a tax break. we will think that at least some of these guys who give money are just too forward their beliefs. maybe that is starry eyed. at least in some cases, this is really not about consideration. that is not to say that their beliefs to outline of what material considerations. it is a little harder to tell this story of corruption. you can still tell the story of influence. the point of giving money to a candidate somewhere along the line is to change the way policy is made in this country. that will never go away. what do we do with the guys saying i like certain policies and i want to see more of that. >> there was an interview recently where it was said that there's a possibility of federal investigations. he was convinced it obama wins, they will pursue these. >> why not use the real one? >> the real one has already been flogged to death. >> having spent time -- sometimes the press gets it wrong in assuming that every -- anybody who gives money is a bad person. that is the assumption of the narrative. big bad money people who are out to buy the election. the reality is
the weekend in florida, he focused on taxes and president obama. >> they will ultimately have to raise taxes on middle income families by $4 million a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert in los angeles sunday heads to san francisco today with romney's poll numbers improving. >> they're looking very good. i feel very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under
the attacks. a week ago paul rhine was asked to explain the math of a tax cut and he said i don't have time. governor mitt romney had a massive performance and the underpenings of that was dishonest f. you are willing to say anything to get elect make up your positions, american people have to understand how they can elect you. >> steve: is calling mitt romney and ryan a good strategy. here to weigh in is washington insider amelia and democrat pollster marjorie. good morning to both of you. >> margey. it does sound like according to the new york times, 10 minutes before the end of the debate they were on a conference call talking about he stunk up the place. we'll have to go full steam ahead on a new attack and that is going to be romney is a liar. >> any time you hear mitt romney express different position than the day before it is for voters to know. we would be talking about mitt romney's loose interpretation of the facts regardless of what the people thought of the pet's performance. his own campaign walked back what romney said about covering people with preexisting conditions in the h
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